Multiple Choice
Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service. They found that in 2006,47 million consumers paid an average of $36 per month to subscribe to a broadband Internet service,and estimated the value of total consumer surplus for these subscribers was equal to $890.5 million.Based on these numbers,what was the average monthly consumer surplus per subscriber for broadband Internet service?
A) $0.05
B) $0.77
C) $13.06
D) $18.95
Correct Answer:
Verified
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